A broker list and owners property for six months on an exclusive listing agreement for $80,000 at a commission of 7% three months later the owner sells the property to a nephew four $74,400 which statement is correct?
A. The owner owes the broker commission based on the listed price of $80,000
B. The owner does not owe the broker commission.
C. The owner is liable to the broker for damages.
D. The owner owes a commission based on sale price of $74,400.
Answer: B. The owner does not owe the broker commission.
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